China Vanadium Titano-Magnetite Mining Co., Ltd. (HK:0893) has released an update.
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China Vanadium Titano-Magnetite Mining Co. Ltd. has announced the supplemental details to their annual report, highlighting the strategic expansion and operational optimization of their high-Fe Maoling-Yanglongshan Mine. The company has secured an updated mining permit, which expands the mining area by 0.8 sq. km within the existing exploration area, with no change to the total exploration area since 2012. This move is in line with previous strategic shifts following the disposal of low-Fe mines in 2019, focusing on developing high-Fe mining operations.
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